Envestnet Company Profile (NYSE:ENV)

Envestnet trades on the New York Stock Exchange (NYSE) under the ticker symbol "ENV."

Envestnet, Inc (NYSE:ENV) posted its earnings results on Tuesday, August, 8th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.01. The business had revenue of $167.50 million for the quarter, compared to analyst estimates of $164.04 million. Envestnet had a positive return on equity of 7.78% and a negative net margin of 8.93%. Envestnet's revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business earned $0.21 EPS. View Envestnet's Earnings History.

Envestnet is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Envestnet.

Envestnet updated its third quarter earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of $0.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $170-172, compared to the consensus revenue estimate of $167.52 million.

6 brokerages have issued 1-year price targets for Envestnet's shares. Their forecasts range from $42.00 to $65.00. On average, they anticipate Envestnet's share price to reach $51.83 in the next year. View Analyst Ratings for Envestnet.

Here are some recent quotes from research analysts about Envestnet stock:

• 1. According to Zacks Investment Research, "Envestnet, Inc. is an independent provider of technology-enabled, Web-based investment solutions and services to financial advisors. The Company's technology platform allows financial advisors to provide their clients with a wide range of investment solutions and services. It offers risk assessment and selection of investment strategies, asset allocation models, research and due diligence, portfolio construction, proposal generation and paperwork preparation, model management and account rebalancing, account monitoring, customized fee billing, overlay services covering asset allocation, tax management and socially responsible investing, aggregated multi-custodian performance reporting and communication tools, as well as access to a range of third-party asset custodians. Envestnet focuses its technology development efforts and its sales and marketing approach on addressing financial advisors' front, middle and back office needs. Envestnet, Inc. is headquartered in Chicago, Illinois. " (10/10/2017)
• 2. Jefferies Group LLC analysts commented, "2017 revenue guidance was a bit weaker than we expected as mgmt. struck a somewhat cautious tone with regard to the near-term opportunity. Although adjusted EBITDA held up well, net/net, consensus numbers are likely biased downward. If we dig deeper, fundamentals more-or-less look intact longerterm. We view any potential stock weakness as a buying opportunity." (3/24/2017)

Some companies that are related to Envestnet include Pegasystems (PEGA), Fair Isaac Corporation (FICO), SolarWinds (SWI), RealPage (RP), Ringcentral (RNG), HubSpot (HUBS), Ellie Mae (ELLI), The Descartes Systems Group (DSGX), Ebix (EBIX), Q2 Holdings (QTWO), AppFolio (APPF), MicroStrategy Incorporated (MSTR), Appian Corporation (APPN), Varonis Systems (VRNS), Talend S.A. (TLND), Hortonworks (HDP), Luxoft Holding (LXFT) and Mitel Networks Corporation (MITL).

Envestnet's management team includes the folowing people:

• Judson T. Bergman, Chairman of the Board, Chief Executive Officer
• William C. Crager, President
• Anil Arora, Vice Chairman of the Board
• Peter H. D'Arrigo, Chief Financial Officer
• Joshua David Mayer, Chief Operating Officer
• Scott Grinis, Chief Technology Officer
• Brandon R. Thomas, Chief Investment Officer
• Shelly O'Brien, Chief Legal Officer, General Counsel, Corporate Secretary
• Luis A. Aguilar, Independent Director
• Ross K. Chapin, Independent Director

Envestnet's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Summit Creek Advisors LLC (0.59%) and Financial Consulate Inc. (0.14%). Company insiders that own Envestnet stock include Anil Arora, Brandon Thomas, Charles Roame, Gayle A Crowell, Joshua Mayer, Judson Bergman, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien and William Crager. View Institutional Ownership Trends for Envestnet.

Envestnet's stock was sold by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC. Company insiders that have sold Envestnet stock in the last year include Anil Arora, Gayle A Crowell, Joshua Mayer, Judson Bergman, Matthew Majoros, Peter D'arrigo, Scott D Grinis, Shelly O'brien and William Crager. View Insider Buying and Selling for Envestnet.

Envestnet's stock was bought by a variety of institutional investors in the last quarter, including Financial Consulate Inc.. Company insiders that have bought Envestnet stock in the last two years include Charles Roame, Gayle A Crowell and Judson Bergman. View Insider Buying and Selling for Envestnet.

Shares of Envestnet can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Envestnet stock can currently be purchased for approximately $53.30.